CEAT Q2 PAT may dip 6.1% YoY to Rs. 34.1 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July-September’ 22) earnings estimates for the Automobiles sector. The brokerage house expects CEAT to report net profit at Rs. 34.1 crore down 6.1% year-on-year (up 1,012% quarter-on-quarter).

Net Sales are expected to increase by 24.1 percent Y-o-Y (up 7.7 percent Q-o-Q) to Rs. 3018.9 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.9 percent Y-o-Y (up 34.2 percent Q-o-Q) to Rs. 220.4 crore.

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